XML 43 R29.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Earnings Per Share | 12 Months Ended
--- | ---
Dec. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The computation of basic and diluted earnings per common share is shown below. There were no anti-dilutive stock options for the years ended December 31, 2023, 2022, and 2021.
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Basic earnings per common share computation |  |  |  |  |
Net income per consolidated statements of income | $ | 53,718 |  |  | $ | 58,886 |  |  | $ | 53,405 |
Net earnings allocated to participating securities | (283) |  |  | (229) |  |  | (183) |
Net earnings allocated to common stock | $ | 53,435 |  |  | $ | 58,657 |  |  | $ | 53,222 |
Distributed earnings allocated to common stock | $ | 14,607 |  |  | $ | 12,508 |  |  | $ | 11,514 |
Undistributed earnings allocated to common stock | 38,828 |  |  | 46,149 |  |  | 41,708 |
Net earnings allocated to common stock | $ | 53,435 |  |  | $ | 58,657 |  |  | $ | 53,222 |
Weighted average common shares outstanding, including shares considered participating securities | 21,010 |  |  | 18,057 |  |  | 16,875 |
Less: Average participating securities | (106) |  |  | (70) |  |  | (55) |
Weighted average shares | 20,904 |  |  | 17,987 |  |  | 16,820 |
Basic earnings per common share | $ | 2.56 |  |  | $ | 3.26 |  |  | $ | 3.16 |
Diluted earnings per common share computation |  |  |  |  |
Net earnings allocated to common stock | $ | 53,435 |  |  | $ | 58,657 |  |  | $ | 53,222 |
Weighted average common shares outstanding for basic earnings per common share | 20,904 |  |  | 17,987 |  |  | 16,820 |
Add: Dilutive effects of performance based-shares | 40 |  |  | 33 |  |  | — |
Weighted average shares and dilutive potential common shares | 20,944 |  |  | 18,020 |  |  | 16,820 |
Diluted earnings per common share | $ | 2.55 |  |  | $ | 3.26 |  |  | $ | 3.16 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration